Harris Group Agrees To Replace Private Equity Financing In $6 Billion Washington Commanders Purchase

a month ago that Harris has “been offloading shares on a near-daily basis since April 17, a few days after he reached a $6 billion deal to buy the Commanders. The sales, which have happened nine separate times, total almost $106 million.”

NFL rules require the general partner—in this case, Harris—to own at least 30% of a team and not have more than $1.1 billion of debt when buying a franchise. HBSE, founded by Harris and David Blitzer, owns the NBA’s Philadelphia 76ers and the NHL’s New Jersey Devils, and it also operates the Prudential Center, the hockey team’s arena. In January,The Harris group consists of Josh Harris and 20 limited partners who have told the NFL they have a combined net worth of about $100 billion. Three weeks ago, I wrote that, and it appears it is doing so, moving toward a consummation of the transaction possibly by the end of July.

The $6.05 billion purchase of the Commanders would carry the highest price for any sports team in history and eclipse the

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